175,000 SF Aiken Distribution Center Sold


Elmtree Funds has purchased a Class A distribution facility that is under construction in Aiken for $8.5 million. Owens Corning, a global producer of building materials including glass-fiber reinforcements and engineered parts for composite systems, will occupy the 175,000-square-foot building under a 15-year lease. The property will be connected to the company’s existing manufacturing facility, which opened in 1979 and has undergone three expansions since.

ElmTree Funds is a private equity investment firm based in St. Louis with additional offices in Boston, New York and Charlotte, N.C. The company focuses on commercial sale-leaseback and net-lease transactions.

Be Sociable, Share!
    Categories : Aiken

    Comments are closed.